Kamoa-Kakula copper mine
Lualaba, Democratic Republic of Congo (DRC)
45.04% (inclusive of the share interest held via holdings in Ivanhoe Mines)
Sediment-hosted stratiform copper deposits
Reserves & resources
Contained copper of 43.69Mt with grade of 2.53%
Mining & Processing methods
Underground mining + flotation
Kamoa-Kakula is the fourth-largest undeveloped, high-grade copper mine in the world. Currently, exploration activities continue at Kamoa North and Kamoa Far North, with plenty of potential.
The designed processing capacity of Phase I of the project is up to 7.6 million tonnes per year, and its annual copper production is expected to be 400,000 tonnes. About 98% of the construction of the processing facilities for 3.8 million tonnes of Phase I has been completed; the concentrator is completed and is expected to be put into operation by the end of Q2 2021. The engineering design, procurement and construction of the Phase II 3.8Mpta concentrator plant are progressing smoothly. According to independent institutions, when the project’s capacity is expanded to 19 million tonnes per annum, the mine will become the second-largest copper mine in the world, with a peak annual copper production of over 800,000 tonnes.
The Kamoa-Kakula Copper Mine launched the Sustainable Livelihoods Program, and it is committed to using clean energy. A 2020 independent audit of Kamoa-Kakula’s greenhouse gas intensity metrics by Hatch Ltd. of Mississauga, Canada, confirmed that the project will be among the world’s lowest greenhouse gas emitters per unit of copper produced.